ABSTRACT

This collection of essays honors the life and work of one of the most prominent and fervent heterodox economists, Frederic S. Lee, who has been at the heart of the heterodox economics movements for the past three decades. Authors in this book demonstrate that heterodox economic has transcended the criticism of mainstream economics and, more importantly, that constructive developments are in the making by way of cross-communications among various heterodox economics traditions.

Frederic S. Lee’s contributions to heterodox economics are centered on three themes: the making of a history and identity of heterodox economics, heterodox microeconomics, and the heterodox analysis of social provisioning. Part I addresses the importance of history, theory, research methods, and institutions in the making of the identity of heterodox economics as an alternative to mainstream economics. Part II delves into heterodox microeconomic theories—in particular, investment, pricing, competition, markets, and market governance—as foundations of heterodox macroeconomic analyses. Part III expands the analysis of the capitalist social provisioning process with an emphasis on its subsystems and their relationships over historical time. Part IV encapsulates the life and work of Frederic S. Lee.

Throughout his intellectual life Frederic S. Lee has shown to many that the development of heterodox economics is rendered possible by unselfish and ceaseless efforts to build both theory and institutions. Essays in this book attest that establishing an alternative critical theory to the status quo is not only possible but also serviceable to the majority of the population.

chapter |18 pages

Introduction

Frederic S. Lee's contributions to heterodox economics

part I|76 pages

Making history and identity of heterodox economics by developing theory and institutions

part II|115 pages

Heterodox microeconomics and the foundations of heterodox macroeconomics

chapter 6|20 pages

Beyond foundations

Systemism in economic thinking

chapter 7|19 pages

Post Keynesian investment and pricing theory

Contributions of Alfred S. Eichner and Frederic S. Lee

chapter 9|17 pages

Inter- and intra-firm governance in heterodox microeconomics

The case of the US software industry

chapter 10|20 pages

Analysing actually-existing markets

part III|102 pages

Advancing the heterodox analysis of social provisioning

chapter 12|18 pages

Consumption in the context of social provisioning and capitalism

Beyond consumer choice and aggregates

chapter 14|16 pages

The embedded state and social provisioning

Insights from Norbert Elias

chapter 15|15 pages

Analogies we suffer by

The case of the state as a household

chapter 16|17 pages

Technological-institutional foundations of the social economy

A framework for the analysis of change in the social provisioning process

part IV|19 pages

The heterodox economics of Frederic S. Lee

chapter 18|7 pages

Frederic Sterling Lee (1949–2014)

chapter 19|5 pages

In memoriam

Frederic S. Lee, 1949–2014 1